The new dividend, which equates to an annual distribution of $2.72 per share, provides an annual yield of approximately 1.82%. This figure marks an uptick from the previous 1.68% yield, calculated against the company's Tuesday closing stock price of $149.77. The technology solutions provider confirmed that the increased payment is scheduled for distribution on December 10. Investors must be on the company’s books by November 25 to qualify for the disbursement.
CDW Lifts Quarterly Dividend Payout Following Market Growth
Shareholders of Vernon Hills-based CDW are set to receive a larger slice of the company’s profits, as the board of directors announced a 7.9% increase to the quarterly dividend. The payout shift bumps the rate from 63 cents to 68 cents per share, reflecting the firm’s ongoing capital allocation strategy.
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